Friends in high places.

• Author: Peters, Charles
• Position: Tilting at Windmills - First Command Financial Planning - Brief Article

A similar incident happened in the Pentagon. When legal officers at Air Force headquarters heard about unethical practices by First Command Financial Planning, a private company that sells mutual funds to military personnel, they asked military lawyers around the country for reports of "unethical or overly aggressive" sales tactics. They also expressed concern about excessive fees charged by the mutual funds--fees so high as to consume half of the investors' first-year investment. Within three weeks, this investigation was...